Don't kill the VTEC. Nuking VTEC isn't feasible on a street car. It's done to save rotating mass in the valvetrain and to give a more consistent oil pressure on the track where the engine is always spinning at a high enough speed where it would have stayed in VTEC anyway. Keep your VTEC.

As for me, I would keep it all motor. That's my choice though. If you're not planning to do anything other than drag racing, I would turbo it.